Listing Of Adani Wilmar

MilkTeaBro
2022-02-03

$WILMAR INTERNATIONAL LIMITED(F34.SI)$

Listing Of Adani Wilmar On The National Stock Exchange Of India Adani Wilmar has finalised its IPO price range at Rs218-230 per share. We view this positively to unlock shareholder value by unleashing the true value of its subsidiary.

However, we expect the impact from AWL to Wilmar to be marginal as the contribution of AWL is about 5% of Wilmar Group’s earnings as compared with YKA which contributed 60-70%. We are not expecting any special dividend post listing of AWL. Maintain BUY.

 Target price: S$6.00.

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Comments

  • Novice2
    2022-02-04
    Novice2
    Wilmar has track record and every year disbursed dividend.
  • pipiso
    2022-02-04
    pipiso
    it's time for Willmar to soar again
  • kungpao
    2022-02-03
    kungpao
    Looks promising
  • Ronchan
    2022-02-08
    Ronchan
    Ya sadly so….if YKA buys over Wilmar…that will be interesting…
  • Oldhead
    2022-02-05
    Oldhead
    YKA doesn't help to move Wilmar's share price much. Don't expect too much from AWL.
  • Sonoma
    2022-02-04
    Sonoma
    Thank you for sharing[Smile]
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